Joshua D.
Lines of credit or mortgage?
So since I started I purchased my first 2 properties with cash. First one a duplex with $22,000 all in and cashflowing $700 a month. Then a SFH for $30,000 all in and cashflowing $400. I then took a line of credit ou...
Jessica Y.
Craigslist scam??
Hi everyone,I recently joined BP and have been impressed by the amount of resources on here! We are just starting out in REI, and I have the extra time to learn more as I am only work part-time at the moment. When s...
Monique Moliere Piper
Traditional Financing or Private Money
My husband and I are looking to buy mostly single family houses to rehab and rent. We are not averse to multi-family. They are just not that many small 1-4 unit properties in our area (Baton Rouge, La). Our goal is to...
Sammy Lyon
Calculating Depreciation on a Low-Priced Property
Hi BP sleuths!I wanted to share this tax question here, I was hoping my accountant could help but he didn’t seem to have much advice about this. I’ve got some choices to make about depreciation on a rental property, a...
Chris Winterhalter
Commercial loan market - 5 year balloons & interest rate risk
I wanted to expand on a topic that Joel Owens and I started to discuss on another thread. It relates to the loan offerings available from local/regional banks for commercial loans under 2MM. I know it has been di...
Veronika Von
CD then Refi planning 1031
Hello, Currently in a process of refinancing a property we had under CD for couple of years with seller financing (owner still have mortgage in place). Is that true that you can not collect any money at the closing? O...
Kasan Kelley
STORY TIME!!! HouseHacking capacity
Good day everybody, peace and blessings to you all. So I have a question, what would any of you consider to be a fair offer on and abandoned home in NYC. Now keep in mind, this home has had a Vacate order in place sin...
Brandon Chavis
First Deal
Hello everyone, I am fairly new to BP and currently looking to purchase my first buy and hold property. I work in Sales and plan to start out slow and do this part time until I gain the knowledge to fully commit to R...
Matt B.
insurance company financing
I was just curious if anyone has had experience Directly contacting insurance companies to inquire about getting capital to finance an investment property? this, as opposed to going to a private money lender or hard ...
David Coombes
Lenders in St Louis
What unconventional or traditional lenders who service St. Louis will lend to an LLC? I am interested in a 4 plex with tenants and positive CF and want to put it into an LLC. I need a lender who will be willing to len...